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stephanopoulos on "this week." >>> now to the wrangling over the fiscal cliff, sending shock waves across america's 401(k)s. take a look. the dow closed down more than 120 points, with the deadline just 11 days away and lawmakers heading home for the holidays. shortly before we came on the air, the president came out swinging with a message for congress. abc's chief white house correspondent jonathan karl tells us where things stand tonight. >> reporter: in the halls of congress tonight, not a creature is stirring. no deal is in sight. with a deadline looming and seemingly no hope anywhere, the president made one last appeal tonight before washington goes on vacation. >> as we leave town for a few days to be with our families for the holidays, everybody can cool off. everybody can drink some eggnog. now is not the time for more self-inflicted wounds. certainly not those coming from washington. >> reporter: but the two sides don't even seem to be trying anymore. what are we going to do now? >> i'm interested in solving the major problems that face our country. that means house leaders, senate lead
at this is basically something that you can ride along and freeload and let america and canada and japan handled? >> steve, your question -- >> i'm and freeload, by the way. >> that by the way is how the chinese would describe any relationship between japan and america. the interesting aspect of all these conflicts is that as india and china and india and china have a proximate geographically, but we've never been neighbors. >> right. >> in order to be neighbors you either have to love each other or hate each other. we have done neither. in fact, in 1962 during the first strategic conflict, between these two, you have to understand, it's hard to understand why we are not neighbors. [inaudible] in terms of inaccessible. but the positions, the lines, the strategies, the lines, what would they resonate to? the positions that are taken by postcolonial nations is that we will not be bound by decisions made by colonial powers. one, or in china's case, that we had to abandon our national positions. and now that we are strong, we need to resurrect them. right or wrong is not, that is very little to do w
>>> tonight, the top five things that america is talking about. number one, peace love and mutual understanding. yeah, right. not in washington. >> i won't play that game. >> we can't negotiate with ourselves. >> it is me. >> number three, bob costas. did he cross the line? number five, the most outrageous royal prank ever. >> hello there. could i please speak to kate please, my granddaughter? >> this is piers morgan tonight. good evening. our big story tonight from what every one is talking about. washington's high-stakes game of "let's make a deal," to the royal prank called heard around the world. to bob costas talking about guns. and this shocking new york subway photograph. reports of chemical weapons in syria. let's get started with what promises to be a lively discussion. abbe huntsman, and a host of huff posts live. and welcome to you all. let's start with guns and the fallout of the murder and suicide of jovan bellcher and his girlfriend. bob costas of nbc spoke out about this. let's watch what he said tonight. >> i believe that there should be more comprehensive and effe
in 2002, the kid, and basically we believe that america has a responsibility to be involved in the world in protection of our values and our strategic interests, all of which helps us be safer and freer here at home and it's just grown. >> senator graham, what is the secret to proper bipartisanship, do you think? >> well, in fairness to our colleagues, pierce, there's a lot of real close friendships around this place. there's a lot of republicans and democrat who get along very well and work together. the reason you're talking about the three of us, i think, is because of 9/11. there had never been an attack on america, we would have been three friends who travel and socialize, but what brought us together and put us on the map, after we were attacked on 9/11, everything in our country changed and throughout the world. as a result of 9/11 and all the national security issues that followed, our friendship became a cause. it really did solidify over the iraq war. bipartisanship as hyped is being willing to lose your job. i really admire john because he suffered for our country. and i hang
officer in every school in america. that would require hiring at least 132,133 new police officers. now just based on the median salary for police officers in america, that would cost $6.7 billion a year. there is not a town or city or state in america that has extra money lying around today to hire extra police officers. if $6.7 billion had to be raised from new taxes, then, of course, grover norquist would use all of his powers to oppose those taxes. grover norquist, who is, of course, a member of the board of the national rifle association. so the ceo of the nra took to a microphone in washington today to suggest a solution to the massacres of children in our schools and the solution is something he and his friends would not be willing to pay for. and he and his friends would attack any politician who attempted to pay for it. he reached for a variety of ways to make his point. >> we care about our money. so we protect our banks with armed guards. >> i don't know about you, but i cannot remember the last time i was in a bank that had an armed guard. all banks had them when i was a kid
. .. there would be a change in mr. dsm point, that that might affect america. as the senate are not aware that any change to the treaty in order to go into effect and has any impact on the united states would require the nascent consent? without the advice and consent of the senate, no change could possibly impact united states. >> outhouses the bureaucrats running the program would have clarification word is otherwise vague. the point i am making here is we don't really need to do that when we have her hearing. i understand there's a difference of opinion on this and a lot of motion. i found this morning's roll call magazine, all the people find appeared with the distinguished senator from massachusetts. it doesn't say anything in the articles that certainly attacks the emotions of individuals. so yes, i am not satisfied they would not interfere and do their clarification to change the intent. >> we've taken care of our problem here. >> the mr. president, it's important in this kind of debate as to make a judgment as senators that we base our judgment on facts than on the reality. the senator has
by vilifying the rich, we divided america without giving real solutions to americans. that i can't be -- >> you have a situation where you have republicans who don't want taxes raised on anyone voting against something that would at least keep them low for some people. do you know what i mean? >> if the president had offered up $100 billion worth of tax increases on the wealthy and $400 billion worth of cuts, he'd have had a deal in a new york minute. when you offer up $70 billion worth of tax increases on a small 1%, 2% of the population and no cuts and, in fact, ask for a stimulus that would consume all the money, we're going to vote on $60 billion for new york and area relief for hurricane sandy. that will consume a full year's worth of this tax increase that's proposed. >> let me just go back. it's so important, because we've had two years now of debates about all of this. each time we've only done spending cuts that hit middle class families and senior citizens the most. we are at a point where we're saying, no more. when congressman issa says everybody ought to be in and treated the same,
now. we cannot allow the schools of america to become killing fields. we must act now. i applaud all of those who are involved. >> do you want to speak very briefly? >> we call our caucus america's caucus. because it is diversified and it's unified. we make our appeal today to all americans. and command our leader, caroline, diana, the eloquence of the people who have spoken, my colleague from connecticut said it extraordinarily well. politics be damned here. there is a responsibility that we have as legislators that are unique. what took place in sandy hook and newtown, a quintessential new england community goes beyond horror. the weapon of choice that was used, an assault called a bush master, more than 3 million americans have them. 3 million americans have them. we make appeal to americans, to mothers, to fathers. we make an appeal to members of the press, who are the ones that can best articulate and ask the questions why? because we know this. as sure as we're all standing here, and have acknowledged that we stood here too many times, lowered the flags, had the moments of sile
of america. chuck todd is nbc's chief white house correspondent and political director, and chris cillizza is managing editor of postpolitics.com. gentlemen, i know we all saw this. this is what we used to call the topic sentence. i think this was the most telling, action-oriented piece of what the president said last night up in connecticut. let's listen to it now. >> in the coming weeks, i will use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals to parents and educators in an effort aimed at preventing more tragedies like this. because what choice do we have? we can't accept events like this as routine. are we really prepared to say that we're powerless in the face of such carnage? that the politics are too hard? are we prepared to say that such violence visited on our children year after year after year is somehow the price of our freedom? >> chuck todd, you know, gun control was probably not in many politicians' songbook going into this coming year, but now it is. reality, reality checks, reality bites. do you think the
with those comments just 24 days to go until america confronts the fiscal cliff. house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of
bringing you expert minds who know how to fix america and get us back on the path to prosperity. we're now on monday to friday at 3:30 p.m. eastern. a little version of "your money" everything you need to know in business every day. you can find me on facebook, at face.com, tweet me at my handle @alivelshi. have a great weekend. >>> hi, everyone, so glad you could join us here today at the cnn center. i'm deborah feyirik. a sad day in football as we speak, kansas city chiefs playing their nfl game despite the death of a team members. line blacker joyan belcher shot his girlfriend and then drove away and shot himself. it, what are you hearing? what are investigators learning? >> well, they have offered few inclu clues as too what led up to the horrific morning here in kansas city, but police did say that they had had no previous reports of disturbance calls at the home where jovan's girlfriend was shot yesterday morning, but there were some arguments in the morning leading up to it. a lot of preliminary work being done today, but the game where the kansas city chiefs were playing wen
that have made america a beacon of hope and freedom. many yearn for basic human liberties. the people of western sa harrah have been trapped in oppressive conditions under the puppet regime. the front has instituted masked kidnappings of people from their homes into western algeria. they have been in prison in camps for 35 years. the front colbrates with the likes of cuba who ration food in the camp and indoctor rin ate children while partnering with al qaeda. they have a plan, which i will submit for the record that addresses these issues with a clear and democratic solution to the sa harrah crisis. this is where america support should lie. mr. speaker, the united states can and must continue to advance fundamental human rights as we in this chamber continue to work together for peace, justice and human dignity in the western sahara. the speaker pro tempore: the gentleman yields back the balance of his time. are there further requests for one-minute speeches? the house will be in order. members and staff, remove your conversations off the floor. under the speaker's announced policy o
monday and was 88. later on, national rifle association offers its ideas for protecting america's children from the school shootings. coming up next, american vet should be on his way home after his mexican vacation. turned in to a nightmare. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. meet the 5-passenger ford c-max hybrid. and the active ingredient relieves your cough. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our o
are wearing. let's think about this, america. >> my outrage of the day. on that note, thank you so much for watching "street signs." >> that is a thing that makes you go hmm, and we'll see you tomorrow. "closing bell" is next right here on cnbc which is the worldwide leader in business news. >> hi, everybody. we're into the final stretch. welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pa
me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. $82 bi lou: foreign buyers are helping to boost our housing msarket. those buyers accounted for billn $82 billion in home sales over the past year. 9 billion of those dollarschines coming from th chinese. t second only to those canadians, as the largest one homebuyers in presidenntry. the io and president ofao citimortgage, he is joining us the ov let's start with the overaller robustness come to power of thit recovery. is it too strong of a language to join these concepts?18 out o >> the housing is recovering on a sustained basis. eighteen out of 20 top cities are now showing growth. [inaudible] lou: what do you think? lo >> the general view is if you look at long-term trends fromne, 1968 onward, you know that there was a bubble in the 2006 and wei 2007 time.the general vi the general view is that it will take a while to get their. lou: so someone is looking at am profit and they might eagerlyrah jumper t at that rather than wat for a full gross? >> that is the general deal. th
. >> politicians pass laws for gun-free school zones, and in doing so, they tell every insane killer in america that schools are the safest place to inflict maximum mayhem with minimum risk. >> do you personally believe, congressman, that gun-free school zones have been invitations to mayhem and that the only way to stop a bad guy with a gun is a good guy with a gun? >> well, i think that when you look at school safety, you've got to put armed guards into the equation. i've made it clear that it should not be a mandatory law that every school has there. there should be local choice but absolutely, i believe that protecting our children with an armed guard who is trained is an important part of the equation. we have two-thirds of our schools or, excuse me, one-third of our schools in america right now with an armed off-duty police officer or resource officer. if you have a choice of sending your child to a school that has that type of protection versus not, i think most people in america would say, let's go to what would be the school that invests in that type of safety and security. >> so when
and lively hour from the battle over benghazi to the upheavel in egypt and america's place in the world. everything will be on the table as john mccain, joe lieberman and lindsey graham tomorrow night. that's all for us right now. "ac 360" starts right now. >> piers, thanks. good evening, everyone. we begin as we do every night, keeping them honest. looking for facts, not supporting democrats or republicans. our goal is just report, finding the facts, finding the truth. we did that last week. again, the more we look into it, the more we find people in powerful and influential places saying things that just don't square with the facts. it's about a u.n. treaty that failed to be ratified by the senate. a treaty that was meant to encourage other countries to be more like the u.s. on equal rights of the disabled. if other countries adopted better treatment of their disabled citizens, the idea is that disabled americans who visit or live in other countries would also benefit. 125 countries ratified the treaty. it was supported by george bush, signed by the current president, and has support
to fuel the u.s. for years to come. that all depends on america playing it's cards right and for that we need a deal on the fiscal cliff. thank you for joining us on the conversation on "your money." have a great weekend. >>> hello, thank you for joining us. i'm allison cossack, fredericka whitfield is off. president and house speaker john boehner met today at the white house. we're not getting details yet as to how those negotiations went, except to stay that the lines of communications remained open. both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicl
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. more horrendous than anything i thought could happen in the united states of america. these massacres are happening in our shopping malls, our movie theaters, our businesses in our offices. in the only thing consistent and all of them is the guns. i would like to introduce one of our co-sponsors of the legislation we hope to introduce a lot with the house of representatives, the senior senator from the greek state of connecticut going -- the great state of connecticut going through a difficult time. >> thank you. let me first thank you for your leadership going back to 1993 and before when i was speaking to advocate in the state of connecticut a similar law to the one adopted here banning assault weapons. this has been a heroin, terrific week in the state of connecticut, culminating in today's moment of silence at 9:30. the end of the week and i spent the better part of the time meeting with first responders, families, going to funerals and wakes and speaking with ordinary people of newtown and the state of connecticut. the refrain i have heard over and over again from newtown and con
never ben prouder of your and your leadership than the day that happened and america owes you a grateful thanks for leading the charge and giving voice to that problem. but leonard's courage and heroism just doesn't apply to his service to his country, not long ago when an intruder attacked his home and his family, leonard was there to stand up and protect them as well. and you shrug it off, leonard, but everybody who knows you knows that the outcome of that horrible moment was inevitable. that truth and justice were going to triumph because you were the one who was there at the right time and the right place. we are honored to have the privilege of serving with you. we wish you and dodi and your entire family the best. don't be a stranger. we are counting on you to continue to inspire us and may god go with you. >> i'd like to now recognize the representative from northern missouri, mr. graves. mr. graves: thank you very much. mr. speaker, i rise to recognize the distinguished service of my neighbor to the north, congressman leonard boswell. and was just pointed out, he was born in miss
in there. what's the feeling on the part i thorporate america? bu well, you know, i think businesses feel like we're going deget a deal. they expect the president and house speaker boehner to come together and get this done. if they didn't, they'd be laying off workers, and as we can see by the data they are not doing nhat. eut they are cautious, and appropriately so. washington can botch this so gtey aren't very aggressive with their hiring. ehey pulled back on their pnvestment on their advertising. wey also realize tax rates are going up next year, so what they're doing is announcing special dividends and pulling dividends forward into this year because they realize that tax rates on dividends next year will be higher. so they're trying to give their shareholders a break. >> dubois: so that's what tsinesses are doing. what are you seeing on ma n street? >> well, you know, howls holds also realize that tax rates are likely to go up, so we're seeing thlot of underwater homeowners-- homeowners that owe more on aeir home than it's worth-- itling this year because they get a tax break if the
. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
we're trying to ruin all the old people in america get serious. if humor will do that, i think that's great. nobody has any humor in washington. there ain't none left. >> schieffer: mr. bowles, what are you saying to your party about the need for entitlement reform? that's where the resistance is coming from. it's coming from the democrates, not republicans. >> absolutely, bob. i love alan. he's an american treasure. but, look, even if you raise the top rates back to the clinton rates, that only creates about $400 billion over 10 years. that's $40 billion a year. we have a tron dollar a year deficit. that aloneuent solve the problem. we have to cut spending. health care in this country we spend twice as much on health care as any other developed nation and that's whether it's percent of g.d.p. or on a per-capita base. we have to slow the growth of health care to the rate of the economy. the president put $350 billion worth of cuts on the table. that's not enough. we're going to have to do more. we may not like it. you know, we may wish we didn't. we simply made promises we can't kee
complicated tax code in america. that's where you are going to provide the certainty than people need, and that the economy needs. it is not just raising the rates. that is really a straw man. it doesn't solve the problem. we could raise those top two rates to 100% and it would fund the government for 91 days. that does not solve the problem. it is a false promise that suggests by raising the rates will solve the problem. that is a band aid. what we need is the big fix. we need to have the big problems facing america. this is our moment. i believe the american people want to see that. they want to see the republicans and democrats coming together. they want that leadership from the president. >> there were two polls out this week that show the american people want you, your caucus, to start talking to the president more seriously about raising taxes on the upper income earners. you saw the washington post/abc news poll saying they were upset about the way the president was doing things and also people unhappy about the way the discussions are going. you have a majority of the country
works. there are examples around the work. even in america with lax weak gun protections there are in fact some regulations in some places and they make a difference. let's treat gun violence like any public health crisis which i would say losing 30,000 lives a year would qualify as a crisis. we need to treat it like the threat to public health and families that it is, treat a gun like any other consumer product. this is how we slash the death rate. enforcement and education. for guns it starts when congress stops being intimidated by the extremists and then just do what the majority of gun owners agree we should do. we new the assault weapon ban which maybe we'll introduce under the leadership of our dear friend and colleague, care lynn mccarthy. close the gun show loophole. for starters, things that n.r.a. members agree with. let's care as much about real guns as we do about toy gun consumer protection. to start us down the road of making our children safer by treating children's gun safety like their auto safety. all the air bags, anti-drunk driving campaigns, child se
senator that's done more to help america's heroes adjust to life after the military. that's just one of the reasons why she will be sorely missed. here's another reason, though: kay has fought time and time again to promote tax relief for hardworking texas families. in thehooin the mid-1990's, shed create the so-called homemaker ira to make sure that stay-at-home moms and dads were able to save for their retirement on an equal basis with their counterparts who worked outside the home. i now it is one of her proudest achievements and i'm proud to join with the senator from merrell, senator barbara mikulski, in attempting to rename this ira the kay bailey hutchison spousal ira in her honor, and i hope, mr. president, we can join together and honor senator hutchison by getting that done before we close out our business this year. kay, of course, has always championed the state sales tax deduction, which may not seem like a big deal to others in this carriage carriages but it . but it is a big deal in texas. we don't have a state income tax. but we do pay a state sales tax. and of course
is coming true. they have an opportunity today, right now, to make sure that middle-class america not only texas of our to do less but has a great christmas. and making sure they have a tax cut january 1. we have done $1 trillion and medicare and we have done our position on taxes and we're waiting for the specifics. it is pretty simple. >> will also passed a farm bill on the son of that which was bipartisan which almost -- with almost $24 billion in cuts which they can pass and have additional cuts. >> will there be any deal to raise the tops -- top tax rates? >> we ran an election on that issue. we campaigned on a and the american people are for it. there are large numbers of republicans for it. the logic here is very, very simple -- speaker behner should go to the top rate or if he does not want to, he can simply tell the members of his caucus if you want to sign the discharge petition, there is no recrimination on our side. and we will get the first major down payment on which we know has the support of the majority of the american people and the majority of both houses in the congress
. what america should be addressing is two things. one, we should be addressing generational theft. we now as a country borrow 40 cents of every dollar that the government spends, and we've accumulated 16 trillion dollars in debt. now, in 2008 obama called nine trillion dollars in debt. he said that was irresponsible, unpatriotic. to say this another way, we're literally stealing money from our children and our grandchildren. now, this is the kind of generational theft that has never happened in this country until now, and neerlt part neits addressing this on a regular basis. both parties are arguing over how to tax the rich. now, number two. greed and overspending. for all the talk about greedy rich people in america, how is it possible that politicians' greed is never addressed? after all, they robbed the social security trust fund. they spent it. that's your retirement money that was supposed to be put away in a safe lock box. they spent that money. medicare is also headed for bankruptcy, and obama just raided that to the tune of $$716 billion. why? he wanted that money for obama ca
not want to give support. they do not agree with anything he does. whether it helps america or defeats america. they made up their mind whatever obama's as we are against it. if that helps america, it does not matter because we said over eight years ago we did not want him and will not support anything he does. we want the white house back -- in essence what they are doing they are making it better for america. the republicans will never return to the white house because they will never be for all americans. guest: george reminds me of a great line from a groucho marx movie but soup -- whatever it is, i am against it. that is a refrain in the song in the movie by the marx brothers. it is kind of what it seems like with some of the tea party republicans, what ever it is obama comes up with, they are against it. that is not how we move the country forward on any number of issues and certainly not regarding the fiscal cliff negotiations. the president has put forward a plan that includes about $1.20 trillion in tax revenue by increasing the tax rate on people making $400,000 of income are
because this is the united states of america. >> it's chaos, joe. you're seeing this out right bedlam, as the congress is saying americans have talked about dysfunction. this is dysfunction with steroids. and they're acting as if we can't count. the only way you can bring the taxes to the millionaires, really, basically, saying 900 people -- people that make $900,000 a year can keep their tax deductions or their tax breaks, you're going to have to take that from the middle class. you wrote about that today. break down what this really will be in terms of make iing the mie class have to pay out of their pocket. >> it's just a complete shachl. thank god we have representative cleveland here to enlighten us. it means it can't be understood. john boehner is looking out for john boehner and looking out for his job. he does not at this moment have the votes. we're going through this sham to protect the rich. i do think that they were trying to do something tricky and look like, okay, maybe we sort of got that americans would like to see the rich pay a little bit more in taxzs so we'll do th
a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> nobody can get 100% of what they want and this is not simply a contest in terms of parties in terms of who looks good who doesn't. there are real world consequences to what we do here. >> after that the president moved to hawaii and that's where he is today. the congress is back home for the holidays and you have the fiscal cliff, that's still looming and as they call for armed guards in all of the nation's schools we'll talk to kasim reed, mayor of atlanta and one of the people around the country who say we need fewer gun, not more. >>> as millions travel home for the holidays, stay tuned for that. good day. i'm richard lui at the top of the hour and just two days to go before th
by america's cable companies in 1979 luft. >>> president obama meets with house and senate leaders from both parties this afternoon at the white house that meeting is scheduled for 3:00 eastern in the oval office. politico rights leader's side is hopeful there will be a breakthrough on preventing the tax increases and spending cuts scheduled to take effect on january 1st. earlier today senator tom harkin held and even outside of the capitol about the fiscal cliff. he called it a battle for the middle class. we will also hear from congressman chris van hollen and members of advocacy groups. >> are we ready? okay. good morning. all right. good morning. welcome to this cold morning press conference here outside of the senate office building. i am the executive director of network and i am one of them on the bus. we're here to continue the message, grizzlies to find a solution to the economic situation that we are facing. we gather today as a broad coalition through all sorts of members of the washington advocacy community and folks from all around the country to stand here together to say we ne
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giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is
family in america will see their income taxes automatically go up on january 1st. i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> welcome back to "the ed show." president obama will hit the road again monday bringing his message to the people of detroit. the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecede unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm
, and my feeling is no one really believes the united states of america is going to default on its debt even if it lapses. we're dealing with different things. one is real and substantive and the other is psychological. >> i really disagree. >> i know you do. >> we could have a good discussion about this if we had more time. the idea that if the debt ceiling lapses, peter, that means that we can no longer borrow from credit markets and can't finance our debt. >> we're doing most of our borrowing right now from the federal reserve. it's printing money and buying the debt. let's be honest about what's going on. >> we could not do that -- sorry. >> peter, you are outnumbered because this man right here, steve kornacki, fully believes it's a fiscal slope and he's branded that on this show many, many times. 2-1 in favor of fiscal slope to a cliff. you're wrong, sir. good night. >> that's a great way to decide it. >> just because you're a -- >> guys, what's for dinner? >> i spend a lot of time on cnbc because you're outnumbered doesn't mean you're wrong. >> good point. >> jared and peter, tha
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